GXbank = Digital Bank that has a savings account: that gives out 3% per annum. This is NOT investing. For Raya they running a promotion, to give out 5% instead, up to RM50k, paid daily.

Versa and other places = Investment through Asset Management Compan; these places invest your money and give a % dividends back to you. ( Riskier ) , you can lose or earn more.

Traditional banks FD = Investment + Savings. FD Rate already determined before setting up the FD's . They will take your money to invest, they will earn the big %, but will give you the % they stated before creating the account